JPYAUD trade ideas
A Bearish bias.A break out of the trend and retest should indicate the trend is over and it's time to bleed.
AUD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUDJPY Potential UpsidesHey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 97.900 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 97.900 support and resistance area.
Trade safe, Joe.
"Ricochet Rabbit" ShortSell this pair.. in our 4hr chart we see price has broken weekly floor pink high lighted line above.. looking left... we patiently waited for the pullback in the 4hr chart to that same high lighted pink line above... we we sell down to the next level of support Which is the high lighted pink line below which is the next level of support in the weekly chart.. take profits there 376 fib level... just a repeat on where it came from last until the price breaks this zone.... this is where the price action is for now..
🤔 However if price breaks thru the high lighted pink line above and closes above our stop-loss line which is the blue high lighted line.. wait for pullback to our pink high lighted line and buy this pair back to where it last sold... the last level of support Which is now resistance....
AUD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Bearish drop?AUD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 98.64
Why we like it:
There is a pullback resistance level.
Stop loss: 99.83
Why we like it:
There is a pullback resistance level that aligns with the 161.8% Fibonacci extension.
Take profit: 97.18
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
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AUDJPYThe potential BUY scenario for the pair
The pair is to be monitored as it approaches the designated BUY zone on the chart.
AUDJPY potential Buy-to-Sell setupHere at Burnt Candle, we are Bearish for the long haul, however, we might still see price pushing up to our sell area of interest. In the meantime, we would also like to take advantage of the push to the upside if it reaches our buy area of interest.
Remember, clear charts better vision.
AUD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/JPY 4H Timeframe AnalysisAUD/JPY 4H Timeframe Analysis
Trend Analysis:
The AUD/JPY pair is currently in a reversal phase, with the price initially hitting minor support at 95.700 during a downtrend. This was followed by the formation of a Doji and a Bullish Engulfing Candle, signaling a shift in market sentiment. The price began creating higher highs and higher lows, eventually breaking the minor resistance at 98.200. After a retest of this level, a double bottom formed, accompanied by a wick rejection and a bullish engulfing candle, further confirming the bullish reversal. The price then moved above the minor resistance, accumulated buying orders, and performed a liquidity grab below the resistance before resuming its upward momentum.
Price Action Expectation:
After the liquidity grab, our objective is to wait for the price to break above the minor key resistance at 98.200 again, confirming a continuation of the bullish trend. The plan is to place a buy stop order above the resistance at 98.240, ensuring entry once the breakout is confirmed. A stop loss will be placed below the liquidity grab at 97.460, while the target for this trade will be the next resistance level at 99.930.
Trade Setup:
Trade Type: Buy Stop
Entry Price: 98.240 (just above the minor resistance after a breakout)
Stop Loss: 97.460 (below the liquidity grab)
Take Profit: 99.930 (next resistance level)
Additional Considerations:
Key Level Reactions: Monitor price behavior near 98.200. If the price fails to break above this level, it may indicate potential consolidation or reversal.
Risk Management: Ensure proper position sizing to maintain a favorable risk-to-reward ratio of at least 1:2.
External Factors:
Stay vigilant for economic data releases or geopolitical events that may impact the AUD or JPY, as these can introduce unexpected volatility.
Conclusion:
The AUD/JPY pair exhibits strong bullish potential following a liquidity grab and double bottom formation. Traders should watch for confirmation of the breakout above 98.240 to capitalize on the continuation toward the 99.930 resistance level. As always, careful risk management and attention to key levels are essential for executing this trade effectively.
AUDJPY REVERSALTechnically:
AUDJPY is printing bullish divergence
AUDJPY broke its last lower high
AUDJPY broke Accumulation box
AUDJPY retrace fib 0.38 after first higher high
AUDJPY M15 OUTLOOK (23/12/2024)A potential bullish move is indicated by the arrow pointing upwards from the EXT POI zone to the BOS level. This setup suggests an opportunity for entry points and price targets in the AUD/JPY market.
AUDJPY Zone DreamD1 Have a Bullish engulfing
H4 Break High and about to retest or close GAP
H1 Have a 2 demand zone but i use zone 2 because zone 2 have a FVG { Fair Value Gap }
Zone Entry 96.287
TP1 : 98.520
TP2 : 99.996
TP3 : special Zone dream : 105.075
= GOOD LUCK EVERY ONE =
%th Wave up on AUD/JPYSimple setup. Potential Elliot Wave 5 wave set up. No rate hike from the BOJ this week. Yen weakness to be priced in. Looking for a 5th wave up on this pair. Price Target 103 to 104.
AUDJPY Outlook: Bullish Continuation with Key SupportHello,
OANDA:AUDJPY has shown upward movement, and for continued gains, the 1D pivot point (PP) must remain a strong support level. The price needs to break and stay above the 1M pivot point (PP) to confirm further upward momentum. On a long-term basis, the market remains highly bullish, and this trend is expected to continue with minimal fluctuations in the near term.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
AUDJPY moving downwards.Rejected +/- 4 times daily open (not having strength to reach it), + rejected NY High.
From JPY 98.00 - 96.900\800
To try and recover the 2 imbalanced candles on the 15M TF
Note: Risky Trade as RSI is also on the 50% line
I am thinking that the mean reversion is in play. IMO, not financial advise.
AUDJPY LONGAUDJPY Long trend continuation
Support zone
8EMA retest
I aim for 1:3RR
BE set after passing 1:1.5RR
Bearisdh drop off pullback resistance?AUD/JPY is reacting off the pivot which is a pullback resisstance and could drop to the 1st support level which acts as a pullback support.
Pivot: 98.24
1st Support: 96.57
1st Resistance: 99.38
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AUDJPY expected to rally to 98.825Strong bullish trend on the 1H followed by a break and retest of structure in addition to the Fibonacci rejection makes for a good probability trade
AUD/JPY SHORT.Took a previous all time high so we can expect a pull back.
We had a very bearish engulfing candle on the monthly which left a fvg and we had some rejection from the fvg and a move to the downside that left a daily fvg along with a trend line. If i get a rejection from inside the daily fvg and from the trend line at the same time I will wait for a bearish engulfing candle from that area and look to short from there.
Also if you take the fibonaci retracement from the high to the low we have rejected from the 0.62 level so we have enough confluence to look for shorts.
AUDJPY - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
